Kinross Gold (TSE:K) had its price objective lowered by UBS AG from C$6.00 to C$5.00 in a report released on Tuesday, Analyst Ratings.Net reports. UBS AG currently has a neutral rating on the stock.
UBS AG has also modified their ratings on a number of other stocks in the few days. The firm initiated coverage on shares of Sony Co.. They issued a sell rating on that stock and set a $399.00 price target. Also, UBS AG initiated coverage on shares of Imax Corporation. They issued a neutral rating on that stock and set a $30.00 price target. They noted that the move was a valuation call. Finally, UBS AG raised its price target on shares of Valeant Pharmaceuticals from $115.00 to $125.00. They have a buy rating on that stock.
K has been the subject of a number of other recent research reports. Analysts at Morgan Stanley downgraded shares of Kinross Gold to an equal weight rating in a research note to investors on Tuesday, November 26th. Separately, analysts at RBC Capital reiterated an outperform rating on shares of Kinross Gold in a research note to investors on Friday, November 15th. Finally, analysts at TD Securities cut their price target on shares of Kinross Gold from C$7.00 to C$6.50 in a research note to investors on Friday, November 15th. They now have a buy rating on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Kinross Gold presently has an average rating of Hold and an average target price of C$7.20.
Kinross Gold (TSE:K) traded up 3.33% on Tuesday, hitting $4.97. The stock had a trading volume of 1,523,554 shares. Kinross Gold has a 52-week low of $4.74 and a 52-week high of $9.92. The stock’s 50-day moving average is $5.13 and its 200-day moving average is $5.45.
Kinross Gold Corporation (TSE:K) is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties.
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